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To: Gerald Walls who wrote (25674)	3/28/2000 1:45:00 PM
From: Sonny McWilliams	Respond to of 27012

Well. James Cramer's take. Wow. That worries me. <G> But yes. IMO you always have to take Abby Cohen to heart. She got the pull. Cramer thinks it's smart what Abby C. did but Cramer is probably right why she did it right before the quarter ends. I guess everyone works for their own interest and the small investor is surely not on her mind at this point. There is a reason why brokerage earnings are out of sight. And, I don't understand her raising her S&P target to the high 1600's for 2001 now while she is reducing her stock allocation. Well, maybe I do. After all, she is putting the profits into cash. When we all sell, she will have money to invest it again. She will let us know when it is time again. Right after they buy. The small investor is getting a bit smarter though. He is right there to invest with the biggies, sometimes even before the houses have it to themselves. gg. I am looking right now at some of those big losers today. As a matter of fact. When I get off here I will catch one of those falling knives with butterflies in my heart. gg. Sonny

To: Gerald Walls who wrote (25674)	3/28/2000 2:36:00 PM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 27012

Update on Abby Cohen. I just listened to her on CNBC. Like expected, she is still bullish and keeps all her targets in place. Her S&P target IS 1575 by the end of the year. Maria mentioned that this is another 3 1/2%. Abby C. smiled and said that she knows that. She wants us to go more into those neglected stocks like Reit's etc. I guess they have not been doing too well in their portfolio. I am still wondering why she is going to cash with that extra 5% she is pulling out of stocks. You would think that she would pile that money into those stocks she wants US to buy. Maria specifically asked her what retail investors should do. And this was her answer. Tread lightly and buy those undervalued stocks. Not her exact words. gg. She does not see any inflation but will watch the FED. She has been lightening up on techs and is now not over exposed in that sector. BTW. I bought this net stock that was down close to 50. It went down another 2 in the meantime. So the falling knife is not cutting too bad yet. gg. I'd guess you can fig. out which stock I bought on a downgrade.